Business
Business, 07.06.2020 03:01, faithrawlins14

SSG Cycles manufactures and distributes motorcycle parts and supplies. Employees are offered a variety of share-based compensation plans. Under its nonqualified stock option plan, SSG granted options to key officers on January 1, 2018. The options permit holders to acquire 24 million of the company’s $1 par common shares for $11 within the next six years, but not before January 1, 2021 (the vesting date). The market price of the shares on the date of grant is $13 per share. The fair value of the 24 million options, estimated by an appropriate option pricing model, is $3.3 per option. Required:
a. Determine the total compensation cost pertaining to the incentive stock option plan.
b. Prepare the appropriate journal entries to record compensation expense on December 31, 2018, 2019, and 2020.
c. Record the exercise of the options if all of the options are exercised on May 11, 2022, when the market price is $14 per share.

answer
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 14:40, aliviafrancois2000
Castillo corporation, a manufacturer, reports costs for the year as follows: direct materials used $735,000 wages to line workers 510,000 office rent 26,000 indirect materials used 700,000how much is the total period costs for castillo? $735,000 $510,000 $26,000 $700,000
Answers: 3
image
Business, 22.06.2019 10:30, tigistamare03
6carla would like to buy a dress, a dresser for her bedroom, and a home theater system. she has one month's worth of living expenses in her emergency fund. carla decides to save for the home theater system. did carla make the right decision? why or why not? a. yes; her emergency fund is full and the other items will probably be less expensive. b. yes; she could save more for her emergency fund, but the home theater will be harder to save for. c. no; she should save more for her emergency fund because she has saved less than the recommended amount. d. no; she should have bought the dress and dresser first because she could afford them right away. reset next
Answers: 2
image
Business, 22.06.2019 11:00, idontknow1993
Zoe would like to be able to save for night courses at the local college. which of these would be a good way for zoe to make more money available for savings without dramatically changing her budget? economĂ­a
Answers: 2
image
Business, 22.06.2019 12:50, trintrin227
Afirm’s production function is represented by q(m, r) = 4m 3/4r1/3, where q denotes output, m raw materials, and r robots. the firm is currently using 6 units of raw materials and 12 robots. according to the mrts, in order to maintain its output level the firm would need to give up 2 robots if it adds 9 units of raw materials. (a) true (b) false
Answers: 3
Do you know the correct answer?
SSG Cycles manufactures and distributes motorcycle parts and supplies. Employees are offered a varie...

Questions in other subjects:

Konu
Arts, 27.10.2020 21:10
Konu
Mathematics, 27.10.2020 21:10